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Simple Money Making Method

  • #1,201
  • Oct 11, 2012 3:50am Oct 11, 2012 3:50am
Guys i repeated this many times.... this is a proven method, all that you guys need is a practice, patience & discipline.

Please stick to the basic rules, this is a very simple method, do not complicate it...

Anyways, As expected... A good Move with A/U.... Still can expect till US News.....

Cheers,
FX-Pro
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  • #1,202
  • Oct 11, 2012 5:14am Oct 11, 2012 5:14am
no comments
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  • #1,203
  • Oct 11, 2012 5:53am Oct 11, 2012 5:53am
Good morning,

Currently which pairs you are operating with this method beyond the A / U?

Thank you.
  • #1,204
  • Oct 11, 2012 6:49am Oct 11, 2012 6:49am
Quoting marcio_friss
Good morning,

Currently which pairs you are operating with this method beyond the A / U?

Thank you.
E/U, G/U, N/U... but results are not as good as A/U yet.....

Cheers,
FX-Pro
  • #1,205
  • Oct 11, 2012 6:49am Oct 11, 2012 6:49am
Quoting matu1
no comments
Is this an EA ?
  • #1,206
  • Oct 11, 2012 7:03am Oct 11, 2012 7:03am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Some fundamental analysis here. A/U just completed the last leg of a classic A,B,C,D pattern. Now might be a good time to exit the long that was taken earlier (for those of you lucky enough to get in on it!).
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  • #1,207
  • Oct 11, 2012 7:19am Oct 11, 2012 7:19am
Quoting 9er
Some fundamental analysis here. A/U just completed the last leg of a classic A,B,C,D pattern. Now might be a good time to exit the long that was taken earlier (for those of you lucky enough to get in on it!).
Also its a 72EMA at 4H, formed a Pin Already.... not a good sign for long positions...

Just waiting for the current 4H candle to close another 45 Mins... but then the news is next 10 mins....
  • #1,208
  • Oct 11, 2012 7:21am Oct 11, 2012 7:21am
Quoting FX-Pro
Also its a 72EMA at 4H, formed a Pin Already.... not a good sign for long positions...

Just waiting for the current 4H candle to close another 45 Mins... but then the news is next 10 mins....
oops... here is the 4H A/U chart
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  • #1,209
  • Oct 11, 2012 7:27am Oct 11, 2012 7:27am
Quoting FX-Pro
Guys i repeated this many times.... this is a proven method, all that you guys need is a practice, patience & discipline.

Please stick to the basic rules, this is a very simple method, do not complicate it...

Anyways, As expected... A good Move with A/U.... Still can expect till US News.....

Cheers,
FX-Pro
All positions are moved to BE+ except for the added position(Closed with 2 pips)...

News.....
  • #1,210
  • Oct 11, 2012 7:35am Oct 11, 2012 7:35am
Quoting V_s
I think the major challenge in FX trade is how to know when the trend begins and when it stops. Try this method on the history, but be honest. Once you appear on a choppy market your account will blow up. The problem that the beginners usually have is when they get a new method for some reason they ignore the "choppy markets", but instead get excited when they see the method looks great.

I agree with V_s！
Mean Reversion
  • #1,211
  • Oct 11, 2012 7:37am Oct 11, 2012 7:37am
Quoting V_s
I think the major challenge in FX trade is how to know when the trend begins and when it stops. Try this method on the history, but be honest. Once you appear on a choppy market your account will blow up. The problem that the beginners usually have is when they get a new method for some reason they ignore the "choppy markets", but instead get excited when they see the method looks great.

I agree with V_s！
Mean Reversion
  • #1,212
  • Oct 11, 2012 8:09am Oct 11, 2012 8:09am
Quoting FX-Pro
Is this an EA ?
it's me + your system
  • #1,213
  • Oct 11, 2012 8:23am Oct 11, 2012 8:23am
Quoting cardo
I agree with V_s！
That's why a good Money Management is necessary. Every single method out there fails when ranging market comes. So keep the sl tight, move to breakeven then 2x1, 3x1, 4x1...
I was able to get 6x1 whit this method. This is a good method. Of course not all my entries are winners.
If you fail, blame yourself, your technical and fundamental analisis, your psychology, your "happy triger"... not the method.
Study about s/r, Supply and demand zones (phanti here in ff has two good books about it), MM, PA, practice a lot, and you will succeed!

This method is base in PA, moving averages are just dynamic s/r. In my humble opinion it has very good chances to be profitably on the long run.

Best of luck!
I know where the market is going to move next: to the righ! XD
  • #1,214
  • Oct 11, 2012 9:17am Oct 11, 2012 9:17am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I assume for purposes of this system, the attached EU 1H chart, the candle I circled would have been an opportunity for a long trade?
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  • #1,215
  • Oct 11, 2012 9:28am Oct 11, 2012 9:28am
Quoting 9er
I assume for purposes of this system, the attached EU 1H chart, the candle I circled would have been an opportunity for a long trade?
Would not take this trade.
Not really a good bounce, only from RN 1.28500, but 35 pips away. 9 pips away we have the EMA 200 as natural resistant. Lastly with RN 1.29500 with have a huge S/R zone.
So in best case we will get around 35 pips but I think it's not worth cause of all potentional resistant zones.

I think it will test the S/R zone, then we get a pullback at least to EMA 200 maybe EMA 72.
  • #1,216
  • Oct 11, 2012 9:40am Oct 11, 2012 9:40am
Quoting 9er
I assume for purposes of this system, the attached EU 1H chart, the candle I circled would have been an opportunity for a long trade?

It is not a long oportunity, you have to wait for a bounce and a rejection off the 72 ema, then open a position when the candle close above the ema 12.
I trade according the original method on page 1.
I know where the market is going to move next: to the righ! XD
  • #1,217
  • Oct 11, 2012 10:11am Oct 11, 2012 10:11am
Dear folks...

Do you guys read this..... price action speaks to you so clearly.....

Just wait for the right opportunity.... to jump in....

15M Chart.... 1H Chart... & 4H Chart
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  • #1,218
  • Oct 11, 2012 11:30am Oct 11, 2012 11:30am
Quoting FX-Pro
Dear folks...

Do you guys read this..... price action speaks to you so clearly.....

Just wait for the right opportunity.... to jump in....

15M Chart.... 1H Chart... & 4H Chart
I don't like to short A/U because of the Swap.... my brokers charge negative swap if i short A/U....
  • #1,219
  • Edited 12:40pm Oct 11, 2012 12:04pm | Edited 12:40pm
Hi FX-Pro,

Is this a re-entry setup ?
resistance turned into support and last candle close is above EMA 12.


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  • #1,220
  • Edited 12:44pm Oct 11, 2012 12:25pm | Edited 12:44pm
Quoting FX-Pro
I don't like to short A/U because of the Swap.... my brokers charge negative swap if i short A/U....
Same here. lost shorts on AU end up -pips.
Anyway moving on we can't get emotionally attached to winners or losers.Its all number game.
Price is weird now.Frankly there is nothing trade-able now.
Low volume means raging markets hence you will get slaughtered either way short or long.
Lets look later for solid entries.
Most likely I will not place a trade until next week.I am trying to trade less but hold trades longer.
Mistake I made I bought AU at 21 18 19 and told everyone here to buy as well and what did I do? Close all of them at 22. Sure I made some pips but just holding on to them 2days would of netted me over 250pips.
Now I am upset at myself for not being patient so I am not allowing myself to trade until next week.
See you guys later.
Reading currently
"way of the turtle" by original 19yr old Turtle who Richard Dennis taught to trade in 2weeks and end up making millions.
Author Curtis M. Faith
"The 10 essentials of Forex Trading"
By Jared F. Martinez
Just started so I have no opinion.
In trading, you have to be defensive and aggressive at the same time
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